PRC-1 · Chapter 2 · Question 65 of 100
When 'Pioneer Stores' receives inventory from a supplier, the warehouse staff prepares a document verifying the quantity and condition of the items against the purchase order. What is this document called?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Goods received note (GRN)
Explanation
A Goods Received Note (GRN) is an internal document used to confirm the physical receipt of goods. It is later matched against the supplier's invoice to authorize payment.
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